Tom Lee Responds to Slowing ETH Purchases: Citing Large-Scale Stock Buybacks, Pace of Purchases Unchanged

Odaily Planet Daily News Bitmine Chairman Tom Lee stated that due to a large-scale stock buyback carried out during the same period, Bitmine's recent pace of ETH purchases has slowed. However, since launching the ETH Treasury Strategy on June 30, 2025, the company has maintained a consistent weekly ETH buying rhythm. Over the past week, Bitmine repurchased approximately 5.5 million common shares at an average repurchase price of $15.6156 per share. This stock buyback will help enhance shareholder value. Additionally, Bitmine's self-operated staking business generated a yield of 2.67% (annualized) over the past 7 days. The company will continue to strengthen its digital asset treasury strategy by expanding its ETH reserve scale and staking returns.

Currently, Bitmine holds approximately 5.78 million ETH, of which about 4.9 million ETH have been staked, accounting for 85% of its total ETH holdings. The projected annualized revenue from its current Ethereum staking operations is approximately $247 million. (PRNewswire)